Technology and innovation have continued to exert a major impact on the world and its economy. In the coming decade, this trend is bound to continue. In fact, four industries in particular are among those that are most likely to be disrupted by technology and innovation over the next ten years.
The creation of content has been a major form of income and compensation for many people and organizations. While this is a growing field due to the continued expansion of the Internet and need for content, this industry is bound to change a lot in the future. Since it is still a growing field, there are not yet systems in place that have become standard. Furthermore, many organizations, including YouTube and other major online information sources, have continued to change and adapt the way they pay for content.
Along with finance, the insurance industry is one of the most traditional and long-standing segments of the country’s economy today. While many people think of this as a rigid business structure that cannot develop, 52% of insurers see the insurance industry as the second-most likely sector for disruption. Technology is changing the way that insurance companies assess and price risk and how insurance companies and customers get connected. It is even leading to the creation of additional forms of insurance. This trend is bound to continue in the years to come.
The field of education continues to be challenged due to rising costs. This is especially true in the area of higher education where a four-year degree will cost well over $100,000. Today, there are many growing trends that will disrupt the education industry. This includes finding alternative forms of higher education, such as attaining it through a variety of accredited online institutions.
Web Application Development
The importance of web applications is continuing to grow. However, the entire web application development process and industry will see a lot of disruption and change over the next 10 years. Some of the factors that will influence and change web application development include artificial intelligence, blockchain technology, virtual and augmented reality and cloud-based technologies. As these concepts grow and develop, they will continue to have significant impacts on various other sectors of the economy.
These four industries are bound to change a lot over the coming decade. Companies that are flexible enough to stay ahead of the myriad innovations should continue to be successful.
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